FTX CEO Sam Bankman-Fried Says Firm Still Has $1,000,000,000 in Cash Left To Deploy for Acquisitions

FTX CEO Sam Bankman-Fried Says Firm Still Has $1,000,000,000 in Cash Left To Deploy for Acquisitions


The chief executive of crypto derivatives exchange FTX says that the company still has a sizable amount of cash left to burn on acquisitions.

In a new interview with CNBC’s Squawk Box, FTX CEO Sam Bankman-Fried says the firm still has about $1 billion in cash on the sidelines ready to help ailing crypto firms.

“We did not try to empty the coffers, so to speak. We had a couple billion going into this, and it lines up roughly with the amount that we’ve raised over the last year and on top of that we’ve been profitable.”

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When asked if he had about a $1 billion left to deploy, Bankman-Fried said,

“Yeah, and you have the issue of how much we really feel comfortable

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